(Chinhphu.vn) - According to Ho Chi Minh City Statistics, in the first six months of 2026, the industrial production index (IIP) in the city continued to maintain its positive growth momentum, estimated to increase by 11.1% compared to the same period last year. Within this, the manufacturing and processing industry continued to act as the driving force for the entire sector with an 11.5% increase, higher than the overall growth rate.
Manufacturing and processing industry grows by 11.5%, continuing to lead HCMC's industrial growth
The upward trend in industrial production remained a crucial driver for the city's economic growth, contributing to an 8.55% year-on-year increase in GRDP during the first half of 2026. In addition, stable domestic consumption, tourism recovery, and positive FDI attraction provided further momentum for growth.
To support production, HCMC implemented multiple solutions to resolve difficulties for businesses, stabilize supply chains, and promote industrial development. Concurrently, the city stepped up support for supporting industry enterprises to expand supply-demand connections with end-product manufacturers and global FDI corporations.
In June 2026 alone, the industrial production index was estimated to increase by 3.2% compared to the previous month and 11.6% over the same period last year. Among these figures, the manufacturing and processing industry continued to be the main growth driver of the entire sector.
Notably, the production index of four key industries in the first six months rose by 12.6% year-on-year, 1.5 percentage points higher than the overall industrial growth rate. Several sectors recorded outstanding growth, such as pharmaceutical chemicals (up 20%) and mechanical engineering (up 15.8%).
Parallel to production growth, the industrial sector's consumption capacity also showed clear improvement. The consumption index of the entire manufacturing and processing industry in June was estimated to increase by 5.7% compared to the previous month. For the first six months overall, this index rose by 14% year-on-year, with 17 out of 23 level-II industries recording increased consumption.
The industrial labor market continued to flourish in tandem with the production recovery momentum, especially in mechanical engineering, food processing, pharmaceutical chemicals, and rubber. The estimated number of workers in industrial enterprises increased by 1.2% compared to the previous month and 2.1% over the same period last year.
Not only did production indicators improve, but the confidence of the business community also continued to be consolidated.
Businesses are more confident about market prospects
According to HCMC Statistics, despite the volatile global economy, local industrial enterprises proactively adjusted production plans, expanded markets, applied technology, and enhanced their competitiveness. Consequently, production and business prospects in the second quarter of 2026 were assessed more positively than in the first quarter of 2026.
Survey results showed that 77% of enterprises considered their production and business activities in the second quarter to be more favorable or stable compared to the first quarter of 2026.
By enterprise type, nearly 82% of state-owned enterprises rated their production and business situation in Q2/2026 as better or stable compared to the previous quarter; this rate reached 79.4% in the foreign direct investment (FDI) sector and 73.7% in the non-state sector.
Enterprises also expressed optimism about the outlook for Q3/2026. Nearly 80% of businesses forecast that production and business activities will be more favorable or remain stable compared to Q2/2026.
Several sectors evaluated as having positive growth prospects in the coming time include the manufacturing of pharmaceuticals and pharmaceutical chemicals; electrical equipment; motor vehicles; transport equipment; and food processing.
The positive signals from production, consumption, and business confidence are expected to continue laying the foundation for HCMC's industrial sector to maintain its growth momentum in the final months of the year, making an important contribution to the city's double-digit growth target in 2026.
Le Anh
Source: https://tphcm.chinhphu.vn/cong-nghiep-che-bien-che-tao-tang-115-tiep-tuc-dan-dat-tang-truong-cong-nghiep-tphcm-101260703164654853.htm